Compass Group (LON:CPG) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Compass Group PLC shares have crossed above their 200-day moving average, indicating potential upward momentum, with the stock trading at GBX 2,527 ($33.87).
• Multiple research analysts are optimistic about Compass Group, with four analysts issuing a "buy" rating and an average price target of GBX 2,870, reflecting a positive outlook.
• The company operates globally in the food service sector, generating $42.2 billion in annual revenues and employing approximately 580,000 people across various sectors.

Shares of Compass Group PLC (LON:CPG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,555.54 ($34.26) and traded as high as GBX 2,570 ($34.45). Compass Group shares last traded at GBX 2,527 ($33.87), with a volume of 1,486,468 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CPG shares. Berenberg Bank raised their price objective on shares of Compass Group from GBX 2,960 to GBX 3,000 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Compass Group to a "buy" rating and raised their price objective for the company from GBX 2,700 to GBX 2,900 in a report on Thursday, September 11th. Royal Bank Of Canada raised their price target on shares of Compass Group from GBX 2,625 to GBX 2,700 and gave the stock a "sector perform" rating in a report on Thursday, July 24th. Shore Capital restated a "buy" rating on shares of Compass Group in a report on Tuesday, July 22nd. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 3,000 price target on shares of Compass Group in a report on Friday, October 10th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Compass Group has an average rating of "Moderate Buy" and an average price target of GBX 2,870.

Compass Group Trading Down 1.2%

The company has a current ratio of 0.74, a quick ratio of 0.86 and a debt-to-equity ratio of 86.56. The company has a market cap of £42.89 billion, a price-to-earnings ratio of 2,941.79, a P/E/G ratio of 1.42 and a beta of 0.81. The firm's 50-day moving average price is GBX 2,549.52 and its 200 day moving average price is GBX 2,555.54.

Compass Group Company Profile

Compass Group PLC is a world leading food service company, which generated annual revenues of $42.2 billion in the year to 30 September 2024. It serves meals to millions of people in c. 30 countries and employs and engages with c. 580,000 people. The Company specialises in providing food and a range of targeted support services across the core sectors of Business & Industry, Healthcare & Senior Living, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.

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